Central Bank of Nigeria to raise $1 billion in Treasury Bills


By Staff Writer | Nairametrics January 6, 2017

The Central Bank Of Nigeria (CBN),on Wednesday said it will raise N329.93 billion in treasury bills with maturities between 3-month and 1-year at an auction on March 2.

Last Month, the Banks Target was N92.39 billion ($967 million) in treasury bills with maturities between 3-month and 1-year at an auction on Feb. 3

The apex bank said it will raise N57.85 billion in the 3-month paper, N50 billion in the 6-month debt and N222.08 billion in the one year bill, using the Dutch Auction System.

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